Bamco Inc. NY grew its holdings in shares of Trex Company Inc (NYSE:TREX) by 4.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,185,205 shares of the construction company’s stock after acquiring an additional 49,870 shares during the period. Bamco Inc. NY owned about 4.03% of Trex worth $106,751,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TREX. Municipal Employees Retirement System of Michigan lifted its stake in shares of Trex by 3.9% during the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 6,940 shares of the construction company’s stock valued at $470,000 after buying an additional 260 shares in the last quarter. Great West Life Assurance Co. Can lifted its stake in shares of Trex by 3.5% during the 2nd quarter. Great West Life Assurance Co. Can now owns 42,245 shares of the construction company’s stock valued at $2,857,000 after buying an additional 1,445 shares in the last quarter. Texas Permanent School Fund lifted its stake in shares of Trex by 0.9% during the 2nd quarter. Texas Permanent School Fund now owns 21,467 shares of the construction company’s stock valued at $1,452,000 after buying an additional 193 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in shares of Trex by 3.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 129,238 shares of the construction company’s stock valued at $8,745,000 after buying an additional 4,153 shares in the last quarter. Finally, First Mercantile Trust Co. lifted its stake in shares of Trex by 89.7% during the 2nd quarter. First Mercantile Trust Co. now owns 6,791 shares of the construction company’s stock valued at $459,000 after buying an additional 3,212 shares in the last quarter. 89.09% of the stock is owned by hedge funds and other institutional investors.

In other news, Director Frank H. Merlotti, Jr. sold 2,158 shares of the business’s stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $105.51, for a total value of $227,690.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, VP Jay T. Scripter sold 1,116 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $108.59, for a total transaction of $121,186.44. Following the completion of the sale, the vice president now owns 14,212 shares in the company, valued at $1,543,281.08. The disclosure for this sale can be found here. In the last quarter, insiders sold 7,014 shares of company stock worth $764,529. Corporate insiders own 0.95% of the company’s stock.

Shares of Trex Company Inc (NYSE TREX) traded up $0.68 during mid-day trading on Monday, reaching $112.41. 301,500 shares of the company’s stock traded hands, compared to its average volume of 235,564. The stock has a market cap of $3,310.00, a PE ratio of 37.10 and a beta of 2.43. Trex Company Inc has a 1-year low of $61.57 and a 1-year high of $118.65.

Trex (NYSE:TREX) last announced its quarterly earnings results on Monday, October 30th. The construction company reported $0.68 EPS for the quarter, topping the consensus estimate of $0.55 by $0.13. The business had revenue of $140.19 million for the quarter, compared to analysts’ expectations of $125.30 million. Trex had a net margin of 16.61% and a return on equity of 51.30%. The business’s quarterly revenue was up 32.0% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.26 EPS. equities research analysts predict that Trex Company Inc will post 3.11 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. Stifel Nicolaus lowered their target price on shares of Trex from $100.00 to $89.00 and set a “hold” rating on the stock in a research note on Friday. Sidoti cut shares of Trex from a “buy” rating to a “neutral” rating and set a $89.00 price target on the stock. in a research note on Monday, October 2nd. FBR & Co boosted their price target on shares of Trex from $80.00 to $96.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 31st. Zacks Investment Research cut shares of Trex from a “buy” rating to a “hold” rating in a research note on Saturday, November 11th. Finally, B. Riley reiterated a “hold” rating and issued a $96.00 price target on shares of Trex in a research note on Wednesday, November 8th. Eight research analysts have rated the stock with a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Trex presently has an average rating of “Hold” and an average target price of $90.00.

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Trex Company Profile

Trex Company, Inc is a manufacturer of wood-alternative decking and railing products. The Company’s products are marketed under the brand name Trex and are manufactured in the United States. It offers a set of outdoor living products in the decking, railing, porch, fencing, trim, steel deck framing and outdoor lighting categories.

Institutional Ownership by Quarter for Trex (NYSE:TREX)

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